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Content analysis
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New words:
Academia, acordance, acquiree, ADENE, Administrativo, Aframax, agri, Alta, Alvo, AMAN, amortizated, Amplified, anonymity, APRO, aproval, Argentaria, augment, BBVA, Belo, beneath, Bilbao, biodegradable, bitumen, Brasilia, Brizola, BTB, byAtlantico, byRio, Calcinado, calcined, Camamu, Canyon, capture, capturing, carefully, cargo, Cauvery, CCEE, Cebucan, Cerrero, cf, CFO, channel, characterize, Chata, CMN, cogeneration, Coloumb, Comissioner, Complexo, concomitant, Constituent, constrained, converge, Coque, Coquepar, Cornell, corridor, Coutinho, CPS, customary, deconsolidated, deconsolidation, deeply, Defesa, Desenvimento, DNH, Duran, dwt, easternIndia, Edison, encounter, endorse, Energisa, Equidad, Escola, evacuation, evaporitic, faster, flexfuel, Fora, forty, Foster, fragmented, fromVenezuelain, frontier, Fundo, Galp, Godavarai, GOM, Goverment, Governador, Green, grid, Guadual, home, Hondo, IEA, inArgentina, InBolivia, incentived, inChile, InColombia, India, InEquatorial, Inflexible, Ingre, InIranwe, inLibyasince, inMozambique, InNigeria, inPakistansince, inParaguayin, inPeru, inreaisfor, inreaismay, inSenegal, inTanzaniaconsist, Integrada, inTurkeyin, inUruguay, Inversora, IOF, IQ, isArgentina, isolated, ix, Juiz, Jupiter, Kabushiki, Kaisha, Keathley, Keppel, Krishna, laden, Lago, layer, Leonel, Libyan, lie, logo, Luciano, Magdalena, Mahanadi, mainland, Manati, Maria, meal, merit, metric, mission, Mississippi, mmboe, mmcf, Muni, Nacionalor, Nansei, Navalin, NCE, necessitate, Negra, NeoEnergia, nitric, noncompliance, noncontrolling, nonfinancial, Nortefluminense, northwestern, notification, NSS, ofEcuador, offshorePortugal, ofMexicosince, ofreaisby, OGDCL, Ombudsman, ombudsmen, OPL, Outlook, Overview, Pakistan, Pampulha, Panamax, Partex, Parva, Peniche, perfectly, perjury, permission, perpetual, Petromec, Petroquimica, Petroritupano, Petrosen, Petroway, PFC, PGA, PIBBV, Piranema, play, PO, Portugal, postponed, PPI, predominantly, Profond, promissory, Provincia, proximity, Quiroga, Quixada, rebranded, reconnection, recoup, recurring, redefine, referenced, regasification, regiment, Renovablesand, Republica, resin, resold, rich, Ridge, rigid, rose, Rufisque, SDE, SEAE, Sekiyu, Senegal, Sep, sequence, slight, Sobrinho, softening, SpA, spud, spudded, staffing, startup, StatesGOM, Statesrefining, Stationery, stream, stronger, strongly, Suezmax, sugarcane, suggested, sunk, Sur, tap, tcf, Technip, text, Textil, TGSK, theComit, theCompanhia, theImpuesto, theOperador, Therealappreciated, therealwere, therealyielded, theSuperior, theUnited, thick, tight, titleholder, today, TonenGeneral, Tordillo, Transba, trapped, Tributaria, trillion, Trinidad, Troncal, Tupi, UFBA, unexplored, unfinished, Unicamp, Unimetal, unlimited, unprocessed, unutilized, usage, user, VC, vehicle, verdict, veto, viable, Vizcaya, VLCC, Walker, Wall, wholesaling, wich, Yaguar, yarn, Zelada
Removed:
ABC, aberta, absorb, acceleration, accountant, accretion, acknowledged, acre, acrylic, acting, addressed, administrator, aggregating, Agip, air, Algerian, allegedly, alleviating, Amazon, analyst, ANCAP, andFrete, angle, Angolan, Army, asFrete, ASQ, assisted, Assistida, attached, attracted, auctioned, Auditoria, automotive, Barateiro, bareboat, belief, Bennett, Blanca, BNP, border, break, breaker, Bresser, bridge, broad, bulk, Bulletin, burned, buyer, byPortariaNo, Campana, caption, Caranda, carryforward, cat, Catholic, ceased, CECA, ceiling, center, centralize, Cerqueira, certifying, Cerver, challenging, chance, characteristic, charitable, Cioba, circuit, Ciudad, clearinghouse, cmpd, CNI, coastal, coastline, coffee, collect, collecting, Collor, Colpa, commit, Companc, compete, competed, competing, concentrating, concept, concluding, conditioning, Conecta, Confederation, configuration, consolidating, consultant, consummated, continuously, contrato, Controle, copel, Coral, correlation, Costa, Coulomb, counteracted, CPI, crime, criminally, cutter, damaging, daylight, deal, dean, debit, declaring, Delegacia, delivering, Deloitte, dependency, Deputy, desired, Devon, Diavaz, disadvantage, disputed, diversity, divested, Dow, dramatically, duration, Dutch, eastern, ecological, Economia, economical, Economist, EDP, effluent, electronically, Electrotechnical, Eletrobolt, emergence, Emergencial, enabled, Encana, encourage, engineer, enhancement, enhancer, ENI, enjoyed, environmentally, EPC, equalization, Esso, Estado, Estadual, ethane, ethylene, EUR, eventually, EVMLC, evolve, evolving, exceeded, exchangeable, exclusivity, exposing, extra, extract, Eye, factor, Faculdade, feasible, fechada, feedstock, fence, fifty, figure, flared, float, forma, foundation, fractional, fractionate, FUP, FUPA, Gabriel, gained, gasmig, GB, Geochemistry, geologic, geologist, glossary, graduate, grandfathered, ground, grown, guaranty, head, headed, heating, heavily, Hernandez, horizontal, hour, hulled, hundred, identical, Ildo, imprisonment, imputed, inaugurated, inconvertibility, inexpensive, informative, injunctive, INNOVA, Intelligence, interconnected, internet, intervened, invalidating, invoice, involvement, Iraq, irregular, irrevocably, Italian, joining, jungle, KBR, Landulpho, Lata, Legislature, levy, liberalized, likewise, logistical, Loma, London, Lote, lowered, LTCB, Lula, Maersk, manipulation, manufacturing, marginal, mark, Martin, Marubeni, matured, Mbbl, MBIA, Mboe, Mbpd, meaningful, Medanito, Mediterranean, Merluza, Mesa, methane, Methanol, mini, Minta, mirror, mitigated, MMcmd, MME, MMscfd, modernization, modifying, monoxide, move, moved, multinational, multiplied, nameplate, nation, Navy, neighboring, Nestl, Nestor, nitrogen, NOC, Noel, NRG, Obe, oblige, occupied, officially, ofInstituto, ofStatistical, olho, online, operationally, opposite, opt, optimal, optimization, orCompanhia, originating, OSL, output, outsourced, PAI, pain, para, Paranaense, parcel, parity, Pata, Paysandu, penetration, Perez, permanently, Persian, Perupetro, Police, polyethylene, pool, population, port, post, posting, premised, presence, presently, presidential, PRIMERA, PROCAP, Processo, producible, PROGER, programmable, prohibition, propane, proportionally, proportionately, prospectively, protective, prototype, Province, Puerto, Puesto, pump, pumped, putting, Qualidade, ranged, reaching, reactor, Receita, recognizing, reconstructed, REDUC, reelection, reevaluate, regionally, reimbursable, rejecting, relieved, remedial, remunerated, remunerating, renewed, replace, replaced, representation, reprocessed, requesting, rescission, researcher, residential, residue, resolve, resolved, rest, restitution, restoration, running, satellite, satisfying, Sauer, Science, Secretaria, SEFIN, seized, selective, selectively, semester, session, shooting, shortly, side, Sindicato, Sindicom, situated, slower, solar, solicit, Sophia, Statoil, steadily, steam, straight, stressing, structural, suffering, Summer, Superintendency, supermarket, supervised, supervisory, surface, susceptibility, sustaining, systematic, tankage, targeting, task, Tayrona, TCFA, team, terephtalic, terrorist, Tesouro, theBanco, theSistema, thirty, Tohmatsu, tolling, top, toPetroleum, toPortariaNo, Touche, track, transacted, transition, Treasure, TST, UEG, unconditional, underground, undersea, understatement, undertaken, undetermined, Uniformity, unproven, unwilling, upgraded, upholding, Uruguayan, USA, UTE, utility, valorem, viability, viscosity, visiting, Voador, Weekly, wellhead, western, whichever, widespread, worked, Yaguara, Zarate
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Exhibit 15.3
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in the Joint Registration Statement on Form F-3 (Nos. 333-139459 and 333-139459-01) of Petróleo Brasileiro S.A. — Petrobras and Petrobras International Finance Company — PifCo of our reports dated February 17, 2006, with respect to the consolidated financial statements of Petrobras and its subsidiaries and the consolidated financial statements of PifCo and its subsidiaries for the year ended December 31, 2005, included in this Joint Annual Report (Form 20-F) for the year ended December 31, 2007.
/s/ ERNST & YOUNG
Auditores Independentes S/S
Auditores Independentes S/S
Rio de Janeiro, RJ — Brazil
May 16, 2008
May 16, 2008